| The company has diversified
into Power Generation using renewable/non conventional energy sources
such as agricultural waste and crop residues (biomass) in the State
of Rajasthan.
The Company has set up a 7.8 MW power plant in Padampur, Ganganagar
District in September 2003 and has invested approx Rs 300 Million
in the state of art equipments, using reputed vendors such as Thermax
( Boiler), Shin Nippon ( Turbine) , Alstom/ ABB etc.
The plant uses biomass (mustard crop residue / cotton sticks) and
has established infrastructure / logistics enabling it to collect
over 40,000 MTs last year. Based on first hand experience and holding
of buffer stocks, the company foresees no biomass collection risks
in Ganganagar.
Power Purchase Agreement (PPA) and Power Wheeling Agreement have
been signed with Rajasthan Vidyut Prasaran Nigam(RVPN) and 3 Distribution
companies of Jaipur, Jodhpur & Ajmer based on the Rajasthan
State Policy of Non-Conventional energy. Third party sale to Large
Industrial Customer is also permitted as per existing Policy & Regulatory
guidelines.The Plant sold over 25 million units/kwh to the Rajasthan
Grid in 2004-05 with timely payments.
Besides being environment friendly, the Project is expected to contribute
to the prosperity and sustainable development of the region, besides
generating local employment oppurtunities.
Another
7 MW (net) project planned at Uniara, Tonk district, Rajasthan for
commissioning by March, 2006 at a cost of Rs 300 Mn.
BIOMASS POWER PLANT
Biomass Power Plant at Padampur, Ganganagar District.
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